How does Pay Pal work?

Question

How does Pay Pal work?
I haved signed up for Pay Pal. Thats it. I dont have a clue on how it works

Answer

PayPal is an ecommerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders.brbrA PayPal account can be funded with an electronic debit from a bank account or by a credit card. The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account. PayPal is an example of a payment intermediary service that facilitates worldwide ecommerce.brbrPayPal performs payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It sometimes also charges a transaction fee for receiving money a percentage of the amount sent plus an additional fixed amount. brbrOn October , , PayPal became a wholly owned subsidiary of eBaybrbrHope this helpsbrbrMouse